[indiscernible chatter] ms. Eshoo the subcommittee on health will now come to order. Good morning, colleagues. The chair now recognizes herself for five minutes for an Opening Statement. Mr. Burgess will you yield for a parliamentary inquiry . Ms. Eshoo i want to do my Opening Statement. Pardon me. I already recognized myself but ill recognize you afterward. I never thought id be holding or that we would be holding a hearing under these sad circumstances, but i think its a necessary one. Our country is in pain. Americans are afraid. Theyre sick. Theyre hungry and jobless. And over 80,000 souls have been lost. And the government that was supposed to protect them has failed. There are heroes and they have risen, extraordinary, ordinary americans showing courage, compassion, and a sense of selfsacrifice and duty beyond what could have or should have been asked of them. Regular americans have risen when their leaders have not. We are the greatest country on earth, and, yet, we have the mos
Comes with some of these medical breakthroughs that could yield perhaps advances that lead to people moving around, feeling more comfortable, boosting a little bit those stocks that have been most beaten down, morgan absolutely. When youre talking about reopening, you have names like disney that are moving forward with plans or some plans in florida, you have names like apple beginning to open more Retail Stores in the u. S. As well also crude is one to watch and carl just mentioned it, the fact that were seeing a bid for crude. Wti the june contract expires tomorrow and what a difference a month has made as you have seen production numbers start to come in and started to see some of the driving demand return as well gas prices at the pump up by a couple cents in the last couple weeks as more and more people are starting to come out as we start to see more of these reopenings, but, of course, longer term, as we continue to talk about over and over again, its going to be what does the t
Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look
Dramatic increase in the number of cases. We are still watching big questions, how fast is that number continue to go down . First, does that number continue to go down . That would be a nightmare if it picks up. How fast does it come down and how low does it go . Before we started this, you had a couple hundred cases. When do we get back to a couple hundred new cases going in . The overall hospitalization rate is down, the number of intubations is down. Even the number of new covid cases is down. Still not good, still 1000 new cases yesterday, to put it in focus. That would normally be terrible news, it is only not terrible news compared to where we were. This is just terrible news. 367 deaths. Which is horrific and there is no relative context to death. Death is death. 367 people passed, 367 families. What i have been working from day one is to make sure people understand the facts of what we are dealing with. This is a unique situation. Government cannot act unless the people fully
Mr. Burgess will you yield for parliamentary inquiry . Ms. Eshoo i want to do my Opening Statement. Pardon me. I already recognized myself but afterward. Ize you i never thought id be holding or that we would be under the sad ng circumstances, but i think its one. Essary pain. Untry is in americans are afraid. Sick. E theyre hungry and jobless. Nd over 80,000 souls have been lost. And the government that was supposed to protect them has failed. There are heroes and they have isen, extraordinary, ordinary americans showing courage, compassion, and a sense of and duty beyond what could have or should have them. Sked of regular americans have risen not. Their leaders have we are the greatest country on earth, and, yet, we have the cases and the most deaths in covid19 of any nation the world. Why . The inept, ineffective and extremely late to what was pond clear to many scientists and in ic Health Experts january. Hat basic delay cost precious lives and is continuing to cost lives. Theant